{"id":19139,"date":"2013-02-23T10:43:12","date_gmt":"2013-02-23T15:43:12","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=19139"},"modified":"2013-02-23T10:43:12","modified_gmt":"2013-02-23T15:43:12","slug":"provincial-budgets-range-from-less-than-accurate-to-verging-on-financial-fraud","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2013\/02\/23\/provincial-budgets-range-from-less-than-accurate-to-verging-on-financial-fraud\/","title":{"rendered":"Provincial budgets range from less-than-accurate to verging on financial fraud"},"content":{"rendered":"<p><a href=\"http:\/\/fullcomment.nationalpost.com\/2013\/02\/22\/andrew-coyne-government-budgets-nothing-more-than-phoney-forecasts-designed-to-conceal-and-confuse\/\" target=\"_blank\">Andrew Coyne<\/a>, after a short diatribe about our first-past-the-post electoral system (he&#8217;s agin&#8217; it), gets down to brass tacks about provincial finances:<\/p>\n<blockquote><p>As bad as the federal government is, the provinces are worse. And as horrendous as the provinces are generally, the record in some provinces borders on the fraudulent. Saskatchewan and Alberta, for instance, have overspent their budgets in the past decade by an average \u2014 an average \u2014 of nearly 5%. And since each year\u2019s overshoot becomes the baseline for next year\u2019s budget, the cumulative impact is to produce spending, in the fiscal year just ended, vastly larger than was ever specifically authorized in advance: in Saskatchewan\u2019s case, nearly 40% larger.<\/p>\n<p>That\u2019s as best the [C. D. Howe Institute] can make out. Provincial accounting is notoriously haphazard and inconsistent. Not only does each province use its own rules and procedures, making it impossible to compare the public accounts from one province to another with any confidence, but in several provinces \u2014 Newfoundland and Quebec are the worst offenders \u2014 the public accounts are not even stated on the same basis as the budget.<\/p>\n<p>And while the public accounts must ultimately prevail, efforts to reconcile the two sets of figures, and to explain the discrepancies, remain spotty. In some provinces \u2014 Quebec, Saskatchewan, British Columbia \u2014 auditors have refused, repeatedly, to sign off on the books without attaching reservations.<\/p>\n<p>So not only can voters have little confidence that governments will spend what they said they would, they can have little ability even to reckon how much they overspent, or to compare their own province\u2019s performance with the others\u2019. All in all, a thoroughly disgraceful performance. (Honourable exceptions: Ontario and Nova Scotia, though voters in both provinces have other reasons to doubt their governments\u2019 fiscal candour.)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Coyne, after a short diatribe about our first-past-the-post electoral system (he&#8217;s agin&#8217; it), gets down to brass tacks about provincial finances: As bad as the federal government is, the provinces are worse. And as horrendous as the provinces are generally, the record in some provinces borders on the fraudulent. Saskatchewan and Alberta, for instance, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,25,84],"tags":[542,491,697,479,113,753],"class_list":["post-19139","post","type-post","status-publish","format-standard","hentry","category-cancon","category-economics","category-government","tag-alberta","tag-bc","tag-budget","tag-newfoundland","tag-quebec","tag-saskatchewan"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4YH","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/19139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=19139"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/19139\/revisions"}],"predecessor-version":[{"id":19140,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/19139\/revisions\/19140"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=19139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=19139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=19139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}